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Our lead article looks at the longer term and a project of the Office of Tax Simplification reviewing the simplification of small company taxation. This may lead to a new type of business structure being made available to small businesses.
Those who are nearing their State Pension age will need to understand how much they will be getting under the 'flat rate' scheme.
What is the potential impact of the Lifetime ISA? Although it is not scheduled to be introduced until April 2017, eligible individuals need to start considering whether the ISA will be a suitable vehicle for long term savings.
The use of social media in businesses has rocketed over the last few years as it is a great way to communicate with a wide audience. We summarise some advantages of using social media for business development.
Two articles deal with matters which many employers need to consider:
Finally, charities and some taxpayers should take note of a new Gift Aid form which emphasises the dangers, to some, of signing up to Gift Aid.
Please contact us if you have any questions regarding any of the articles we have included in our newsletter or if you would like further information on a topic we haven't covered. Your views are always important to us and we would welcome your feedback.
Why not contact Wilkes Tranter & Co Limited today for more information or a FREE no obligation quote.
The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (MTD for ITSA) for a year.
From April 2022, the government plans to create a new social care levy which will see UK-wide tax and National Insurance Contribution (NIC) increases.
As always, the wellbeing of our staff and clients remains our priority and is at the forefront of our mind when considering our response to the current coronavirus situation. At present our office remains open during normal working hours however we are discouraging face to face contact and are moving to telephone/ e-mail communication wherever possible in an effort to protect ourselves and our clients.
In the absence of face to face meetings, you can contact us as follows:
Please be assured that we will be continuing to offer the best service and advice during this difficult period.
We will continue to closely monitor government advice on the situation and act accordingly.